Same-Sex Marriage Would be Financial Windfall in N.J.
New England Blade
By Zachary Violette
June 26, 2008
The Williams Institute at UCLA School of Law released a new
research study last week analyzing the economic gains that
same-sex couples’ weddings would bring to New Jersey. Presently
California stands as the sole recipient of the same-sex tourism
and wedding windfall; if New Jersey extended marriage to
same-sex couples it could share in that windfall. Massachusetts
can’t benefit as current laws prohibit the state from performing
same-sex weddings for out-of-state couples.
The New Jersey wedding industry will receive a substantial
$248 million boost in direct spending by same-sex couples over
the next three years. The study predicts that, based on the
experience of Massachusetts, half of New Jerseys 21,178 same-sex
couples will want to marry, leading to 10,589 weddings. Another
45,831 out-of-state couples are likely to travel to New Jersey
to marry. This economic lift will also likely generate over 800
new jobs in the state.
“In a tough economic climate, marriage can directly benefit
the New Jersey budget in a direct, tangible, and substantial
way,” explains economist M.V. Lee Badgett, co-author of the
study and research director of The Williams Institute.
For more information go to www.law.ucla.edu/williamsinstitute. |